IEO Gameplay Rule 1 (UB Input Mode)
Core Gameplay: The more UB you hold, the more you can subscribe.
UB input mode calculation rule: Under Ubit Launchpad's UB input mode, Launchpad participants can calculate the amount of tokens allocated according to the following formula: Amount of tokens allocated to a user = The number of UB input by the user / The total number of UB input by all users * The total number of tokens sold in this Launchpad period
Project Example:
1.IEO page includes basic IEO token information (project introduction, IEO price, release ratio, personal token exchange cap, etc.)
2.Participation method:
→Log in to Ubit account
→[Position Statistics Stage] During the position statistics stage, Ubit will take a snapshot of the user's asset account to calculate the user's average UB position (the sum of hourly snapshots/the number of snapshots, the user's average position calculated by "Launchpad" = full account average position), the user needs to ensure sufficient UB in the asset account during the position statistics stage.
→Calculate the maximum input UB: The user's maximum input UB depends on the average UB position during the position statistics stage. During this period, the UB holdings of the user's entire account (including spot account holdings, leverage account holdings, contract account holdings, P2P account holdings, wealth management account holdings) will be counted, including frozen, locked, etc. UB holdings.
→When the input phase begins, the system will announce the UB exchange price, which is the average UB price during the position statistics phase (every 4 hours).
→Input UB: The user's maximum input UB is the average UB position of the user during the position statistics stage, and the user can also choose to input a smaller number. After the input is completed, the user's UB will be locked and wait for the allocation statistics.
→Input calculation: After the end of the input stage, the system will calculate the number of Launchpad tokens allocated to each user.
→Deduct UB: After the number of tokens allocated to each user is determined, Ubit will deduct the corresponding UB. The remaining UB and Launchpad tokens will be automatically credited to the user's spot account (the tokens of this Launchpad will be unlocked in batches).
→Special attention: (1) The user's UB position will be snapshotted after the start of the position statistics stage, please complete the position as soon as possible. The user's average UB position = the sum of UB positions at the snapshot / the total number of snapshots during the position statistics stage. The total number of snapshots during the position statistics stage remains unchanged. If the user's holding time is later than the start time of the position statistics stage, they will lose several snapshot positions. (2) Market makers and broker accounts cannot participate in this event (3) Only the main account can participate in the event, sub-accounts will automatically lose the qualification to participate and cannot get rewards
IEO Gameplay Rule 2 (Position Pool)
Project Example:
●Token Name: Bitcoin Improvement Proposals 1 (Token A)
●Total Supply: 21,000,000 Token A
●Launchpad Total: 2,100,000 Token A (10% of the total tokens)
●UB Position Pool Total: 2,100,000 Token A
●Exchange Price: 1 Token A = $0.1 (UB price announced 3 hours before the end of the position snapshot period) UB Position Pool UB Position Pool Total: 2,100,000 Token A Total votes: 18,000 votes, 1 vote = 116 Token A
Participation method:
1.Register Ubit account
2. Login to the Launchpad page and click the "Sign Up" button
3. Ubit will take a snapshot of the user's asset account during the position snapshot period to calculate the user's average UB position.
4.Participation in the activity requires an average position of ≥ 2,000 UB
(1) If the average position is less than 2,000 UB, you will not be able to participate in the vote distribution
(2) An average position of less than 2,000 UB will be displayed in [My UB Position], but will not be included in the [Total UB Position]
5. Users will see the "Estimated Number of Votes" on the individual page during the [Holding Snapshot Period].
(1)Estimation & Calculation of Votes: The estimated number of votes & number of votes obtained = User's average UB holding / Total average UB holding of all participating users * Total number of votes in the UB holding pool. The number of votes obtained by the user is calculated according to the rounding down rule. For example, if the user gets 1.9 votes, it will be counted as 1 vote; if the user gets 0.5 votes, it will be counted as 0 votes.
(2)Single person ticket exchange limit: 1 ticket (116 Token A) - 360 tickets (3)During the holding snapshot period, the estimated number of votes will change with the proportion of UB holdings. 6.After the token exchange is opened, users need to manually exchange UB and Token A on the Launchpad page. Ubit will announce the UB price 3 hours before the end of the holding snapshot period.
7.Special attention:
(1) The snapshot statistics of user's UB holdings will start after the registration, please register as soon as possible. The user's average UB holding = The sum of UB holdings at snapshot / Total number of snapshots during the holding snapshot period. The total number of snapshots during the snapshot period remains the same. If the user's registration time is later than the start time of the snapshot period, some snapshots will be lost.
(2)Market makers and broker accounts cannot participate in this activity.
(3) Only the main account can participate in the activity, sub-accounts will automatically cancel the eligibility to participate and cannot get rewards.
IEO Rule 3 (Sunshine For All)
Suppose the total amount of the Sunshine For All pool: 210,000 Token A
Participation method:
1.After the UB holding pool voting results are announce, we will count users who have successfully participated in the UB holding pool (participation in the activity requires an average holding ≥ 2,000 UB) and received less than 1 vote. All these users will participate in the average split of 210,000 Token A.
2.The individual maximum token limit in the Sunshine For All pool is the Token A corresponding to 1 vote. 3.The Token A in the Sunshine For All pool still needs to be exchanged with UB, but no manual exchange is required from the user. Ubit will publish the automatic exchange rules for the Token A in the Sunshine For All pool after the UB holding pool voting results.